What is a Billing Schedule?
Defines the schedule to bill a sale over a range of time or a contract term.
For Eg, bill monthly for the sale of a one-year membership, or bill quarterly for a three-year service contract.
Manage the billing process by tracking when to invoice customers and how much to bill.
Can be apply it to an entire sales order or select a different billing schedule for each line item on an order.
Billing Schedule can be added to an item record so it automatically shows on a sales order when that item is selected.
Types Of Billing Schedule
Create a Standard Billing Schedule
Navigate to Financials>List>Billing Schedules>New
Set the Schedule Details
Type
Initial Amount and Payment Terms
Recurrence Frequency and Count. Optionally set to Payment Terms
In Arrears
If it is checked, Billed at end of each period.
If unchecked, Billed at the beginning of each Period.
Examples of Standard Billing Schedules
